Milford schools cover $253K budget deficits
MILFORD - The school system took moves to balance its budget books this week.
"We come before you to ask for these transfers to balance the books," said
More than
"There was very little unemployment," said Richetelli. "As you know, we had a labor shortage. So there were very few people that were on unemployment, and thus the surplus from that account."
Richetelli said they resumed field trips in March, but for a large part of the year, there were no field trips which gave the account a surplus of about
Nearly
The last three accounts that had a surplus were connected to tuition and totaled more than
"All of these we budgeted for the typical amount of students that are either allowed in the program or typically go into the program," said Richetelli. "We believe because of the pandemic, more students decided to stay in
There was a nearly
MPS had a deficit of about
"We had 16 teacher retirements, and we normally budget for 18, so we had slightly less there," said Richetelli.
However, Richetelli pointed out, that there was a significant number of custodians, maintenance employees, secretaries and paraeducators who retired this year.
"The main reason is that health insurance changes in the contract," he said. "We talked to the board when you ratified the contracts that we were moving employees off of the traditional PPO and into the HDHP programs, and this year in their contracts, they either had to go to the new program or pay the difference between the two, which is extremely expensive. So rather than do that, some of the employees were of age and didn't want to change their health insurance, so they decided to retire."
Richetelli said they went over the funds they had budgeted for in the legal accounts resulting in a deficit of nearly
The largest deficit was in the heating and natural gas utility account, coming in at nearly
"The total deficit for utilities this year was
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